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Lagnam Spintex Limited IPO (Lagnam Spintex IPO) Detail

Sep 4, 2018 - Sep 7, 2018

Incorporated in 2010, Rajasthan based Lagnam Spintex Limited is a company engaged in the business of manufacturing of high-quality yarn (Ne 4 to Ne 20). The yarn is used in Denim, Terry Towels, Bottom Wears, Home Textiles and Industrial Fabrics etc.

The manufacturing facility of the Company is situated at Bhilwara District in Rajasthan State. Spread over 10,000 square meters, the facility has the capacity to produce 16.5 tonnes of high-quality yarn per day.

Lagnam Spintex is currently exporting its products to countries like Germany, Belgium, Portugal, Italy, Columbia, South Africa, Slovenia, China, Pakistan, Bangladesh, and others. Exports account for 18.90% of the manufacturing sales of the company.

In the past five years, the company's revenues have increased from INR4,983.41 lakhs in 2014-15 to INR 8,454.47 lakhs in 2017-18 at a CAGR of around 19%. The Net Profit after tax has grown at a CAGR of almost 43% in the last three years.

The company has 79 permanent employees on its payroll.

Company Promoters:

The promoters of the Company are Mr. Dwarka Prasad Mangal, Mr. Anand Mangal, and Lagnam Infotech Solutions Private Limited. The promoters hold in aggregate 90,66,000 equity shares representing 77.69% of the pre-issue paid-up capital of the Company.

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 3,002.19 2,228.77 1,887.35 1,554.24 1,281.09
Total Revenue 8,454.47 7,358.43 5,656.41 4,983.41 4,205.99
Profit After Tax 468.49 367.09 208.50 157.82 144.71

Objects of the Issue:

The Objects of the Issue are-

1. Part finance the setting up of the additional cotton yarn manufacturing facility (2,200 lakhs)
2. Meet Issue expenses (260 lakhs)

Lagnam Spintex IPO Details
Issue OpenSep 4, 2018 - Sep 7, 2018
Issue TypeFixed Price Issue IPO
Issue Size6,000,000 Eq Shares of Rs 10
(aggregating up to Rs 24.60 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 41 Per Equity Share
Market Lot3000 Shares
Min Order Quantity3000 Shares
Listing AtNSE SME

Useful Links

Lagnam Spintex IPO Prospectus

Lagnam Spintex IPO Rating

143
3.3
Rating:Rated 3.3 stars

Vote Here ...

Lagnam Spintex IPO Listing Date

  •   ›  Listing Date: Tuesday, September 18, 2018
  •   ›  BSE Script Code:
  •   ›  NSE Symbol: LAGNAM
  •   ›  Listing In:
  •   ›  ISIN: INE548Z01017
  •   ›  Issue Price: Rs 41 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
NSE SME
Issue Price:Rs 41.00
Open:Rs 41.00
Low:Rs 38.95
High:Rs 41.00
Last Trade:Rs 38.95
Volume:924,000

Lagnam Spintex IPO Reviews / Ratings

Company Contact Information

Lagnam Spintex Limited
A-51-53
RIICO Growth Centre
Hamirgarh, Bhilwara
Phone: +91 014 82 289210
Fax:
Email: rparashar@lagnam.com
Website: http://www.lagnamspintex.com

Lagnam Spintex IPO Registrar

Bigshare Services Pvt. Ltd   »  Report
   Bigshare Services Pvt Ltd E-2 & 3,
   Ansa Industrial Estate, Saki-Vihar Road,
   Sakinaka, Andheri(E), Mumbai - 400 072

Phone: 91-22-40430200
Fax: 91-22-2847 5207
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

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Lagnam Spintex IPO Review / Comments

avatar
121. GrowYourMoney  Sep 24, 2018 11:15 I Like It. | Report Abuse Reply
Mangal to Amangal...
Investors lost heavily..
Feeling bad for fellow Investors..
avatar
120. Daval  Sep 20, 2018 15:41 I Like It. | Report Abuse Reply
Muje sell karna he kese karu
avatar
119. Daval  Sep 20, 2018 15:40 I Like It. | Report Abuse Reply
Muje sell karna par kese karu ?
avatar
118. Carn Mohan  Sep 20, 2018 10:51 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
I think 2,3 lowercerket again.
avatar
117. Daval  Sep 19, 2018 17:10 I Like It. | Report Abuse Reply
Sell kar na he kese karu
avatar
116. Smeupdate  Sep 19, 2018 15:06 I Like It. | Report Abuse Reply
logo ne akshar spintex se nahi seekhakuch
avatar
115. GrowYourMoney  Sep 19, 2018 13:19 I Like It. | Report Abuse Reply
Huge disappointment in Investors...
Feeling Cheated...
avatar
114. Small Investor  Sep 19, 2018 12:02 I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
i will buy 1 lot at 30 levels
avatar
113. Small Investor  Sep 19, 2018 12:01 I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
jo kl bulk deals hui h uska kya matlab h
avatar
112. IPOANALYSIS  Aug 20, 2018 22:33 I Like It. 1 | Report Abuse Reply
Apply. This one looks good
avatar
112.1. Small Investor  Sep 19, 2018 11:42 I Like It. 1 | Report Abuse
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
aap to fail ho gye mr IPOANYLYS
avatar
111. RAJAKUMAR  Sep 18, 2018 10:09 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Sold remaining one lot at 39.10. Exited in this counter. Now shift focus Rajshree allotment and Ahlada Closing Subscription whether apply or not.
avatar
111.1. SME Ankit IPO  Sep 18, 2018 21:19 I Like It. | Report Abuse
Rajkumar ji,

Rajshree k lye apka kya kahna ....uski condition to aisi ni hone wali na????
avatar
110. v for vendetta  Sep 18, 2018 20:25 I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Akshar Spintex- Part 2
avatar
109. CAMANISH  Sep 15, 2018 16:40 I Like It. 1 | Report Abuse Reply
Many People Are Saying Company Have Many Loan , Textiles Sector Based company

Everyone View Should Be Clear For That IPO / SME Applied For Listing Gain Not For Investment.

Out OF 10 Comment 9 Are Negative..... In All The Plateform

For Investment Always There is Secondary market.....Should Buy A + Category Share
avatar
109.5. Smeupdate  Sep 18, 2018 09:26 I Like It. 1 | Report Abuse
Small investor I am back now. This stock will behave like aksahr spintex. Textile sector Kaha that na mat lagana
avatar
109.6. Small Investor  Sep 18, 2018 16:17 I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
TUSI GREAT HO SMEUPDATE
avatar
108. COMMONMAN  Sep 18, 2018 16:05 I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Tomm Also Lower Circuit Expected of 5%
avatar
108.1. Small Investor  Sep 18, 2018 16:14 I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
YES 3-4 LC APPLICABLE IN THIS STOCK AND THIS STOCK DOWN AROUND 30 IN FEW DAYS
avatar
107. Shreedhar R  Sep 18, 2018 14:19 I Like It. 1 | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts, 100+ Likes)
Lagnam Spintex still at ₹38.95 with ZERO buyers.....


Lead Banker: Holani Consultant

Stay Away from SME for a while
Lagnam ne Laga Di
No buyer for ipo of 24 CRORE
avatar
106. loviedovie  Sep 18, 2018 09:10 I Like It. | Report Abuse Reply
Mujhe 41 pe sell Karna hai par bid Nahi Karne de Raha terminal. Yeh kya 9.15 baje open Hoga
avatar
106.1. SJ  Sep 18, 2018 10:39 I Like It. | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 1200+ Likes)
How did you sell ?
through broker or terminal ?
avatar
106.2. loviedovie  Sep 18, 2018 11:28 I Like It. 1 | Report Abuse
Sold .my broker put bid for me at 41 in preopen got sold. Feeling very lucky. My broker said it will reach 20 rs as it is same like akshar spintex.
avatar
105. SJ  Sep 18, 2018 09:54 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (500+ Posts, 1200+ Likes)
Ranjeet also in Q

By the way can anybody help me ?
Not able to see in NSE terminal.
Symbol : LAGNAM
Series : ST
avatar
105.2. Johny  Sep 18, 2018 10:53 I Like It. 2 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
which broker? may have to download master or something similar
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105.3. SJ  Sep 18, 2018 10:54 I Like It. | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 1200+ Likes)
OK. Thanks
Thanks a lot
avatar
104. NEMI CHAND AJMERA  Sep 18, 2018 10:41 I Like It. | Report Abuse Reply
Dear friends,
Go my previous post written during IPO duration. I suggested all to avoid it and go with SKS textiles.Again I suggest to exit from this and go with SKS Textile.SKS IPO came @150 and presently available at rs 42only.Its Yrly sales are 163cr with net profit 1.96cr. It's market cap is just 12.50cr.Yrly EPs is 6.20 and available at 6.50pe multiple. Raymond, Digjam,etc are customer and branded cloth manufacturers.High quality brand is available at dirt cheap price.
avatar
103. GrowYourMoney  Sep 18, 2018 10:14 I Like It. | Report Abuse Reply
Created fancy by Grey Market & Now Retail get stucked...
Another story of Retail trap...
avatar
102. gala  Sep 18, 2018 10:11 I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Retailers thinking it will Marshall like story bt I strongly feel it won't and that retailers will have to exit in loss . Feeling happy I missed it !
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